Not that Rock's last post was bad, but time for change I guess. Ok, these markets have legs. No need to prove this anymore. But what the hell happened on April the 23rd, between 1:08PM and 1:10PM, when the S&P500 lost 0,85% in a matter of 2 minutes ?
WTH was that ?
Let's discuss.. guess it'll be between those ad bots and me! there can be only one.
BTW, support here is 1576 (previous high), then 1555, then 1520/1530. Above that 1576 level, previous high of 1,597.35 acts as a resistance (until proven wrong of couse!).
Ah and 2 last pieces of advice :
- as always : don't you try to catch a top ;)
- don't short a market that's trending up (and it means any stock, as nearly any stock will act accordingly to global markets). Or maybe just a small short position, to act as an hedge.